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the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfast at a restaurant he
of saying hey, we're not going to lift the debt ceiling, you say, yeah, we will for three months and then go ahead and pass a budget in that time period. is that possible? >> i sure hope so. obviously that's the goal. that's been my goal for the last 18 months since i've been in the senate. obviously to push the senate to do something. as you mentioned, we haven't had a budget for almost four years. washington, d.c i think we can agree on one thing, that the worst run institution in america right now is the united states congress. we need to do something different. >> brian: so to do that, you got to get to some control over your own colleagues and to do that, hold on to their paycheck. republicans like darrell issa say i think that's unconstitutional. >> there is a lot of people in washington, d.c. that obviously don't want to cut their pay. the purpose of that constitutional amendment was to make sure that members of congress didn't enrich themselves during the legislative session. i'll tell this to darrell issa and nails wants to make this argument. cut your pay and go back to your distri
the cliff on the debt ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on
, they're going to introduce their bill, vote on their bill to extend the debt ceiling for three months, give themselves a little running room, but this is a president who is going to be aggressive about his agenda. he didn't just talk over republicans, he went right after them, talking about takers, s saying that's not what social security and medicare are, a jab not only at mitt romney but paul ryan, who he will be dealing with. >> when you have a guy who has bullied you in the schoolyard for four years and you finally fight the bully and you beat them like he just did in this election, you're not as afraid of the bully as you was or at least cautious. i think they bullied this president. he went to the mat and re-elected with a wider margin than george bush and saying the bullying is over. we're either going to fight or work together. >> the problem is both sides feel like they were bullied over the past four years and they've got to figure out how to work together over the next four years. i want to talk about yesterday with you quickly and open it up. it struck me as a son of the s
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